The Nicolas Darvas Box Theory Can Backfire If You Get Over Confident
My problem of buying automatically at what I thought was the right time was settled. By this time my nicolas darvas box theory and its form of application were firmly planted in my mind and on three consecutive occasions I used it successfully. I bought ALLEGHENY LUDLUM STEEL when it appeared to me to be going into the 45/50 nicolas darvas box. I bought 200 shares at 45 & three quarters and sold them three weeks later at 51. I also bought 300 shares of DRESSER INDUSTRIES when it seemed to be entering the 84/92 nicolas darvas box. I bought at 84, but as it did not seem to be making the right progress through the box, I sold at 86 & a half.
12-20-2006
